October 2, 2014

Emergency Jobless Aid: An Economic Boost or a Bust?

January 7, 2014
McClatchy News Service

Excerpt

Robert Bixby, executive director of the Concord Coalition, noted that having people drop out of the labor force would harm the economy. “Even though the unemployment rate might go down because there are fewer people looking for work, that’s kind of like losing weight by getting sick. It’s not the healthiest way to do it,” he said. Bixby added that extending the unemployment benefits would be good for the economy but the costs should be offset. He suggested closing tax loopholes as one revenue-producer but stipulated that an offset should be done in a way that doesn't cancel out the increase of demand for goods and services.